Wacker Chemie: Attractive conditions

At Wacker Chemie, it will probably soon be parting with all the shares it holds in Siltronic. GlobalWafers from Taiwan wants to submit a corresponding takeover offer. The offer is € 125.00 per Siltronic share. Wacker Chemie currently holds 30.8 percent of the company. This makes you the largest single shareholder.

Wacker Chemie would get around 1.156 billion euros in the cash register in the sale. The book value stands at 592 million euros.

Independent Research analysts see the likely sale as positive. The conditions appear attractive.

For 2020 you expect earnings per share of EUR 2.70 (old: EUR 2.65). The dividend should be EUR 1.00 (old: EUR 0.55). The Siltronic transaction was not taken into account. For 2021, the experts forecast earnings per share of 4.89 euros (previously: 4.20 euros).

The start of vaccinations, which is likely to start soon, should result in a dynamic economic recovery. Wacker Chemie should benefit from this, and estimates go up accordingly.

The experts continue to give Wacker Chemie shares a “hold” rating. The price target increases from EUR 85.00 to EUR 104.00. The Siltronic transaction is taken into account in the new price target.

Wacker Chemie’s papers rose 6.7 percent to 108.95 euros.

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